500 Marquette AveAlbuquerque, NM 87102

Property Details for 500 Marquette Ave

Year built

1986

Lot size

1.36 AC

Property size (Sq ft)

259,701 SF

Property type

Office buildings

APN

1-014-058-134-023-3-06-05

APU

101405813402330605

Description

This exceptional Class A office building, located at 500 Marquette Ave NW in Albuquerque, New Mexico, offers a prime opportunity for businesses seeking executive-level space in the heart of downtown. The property boasts a total of 112,822 square feet, with 107,387 square feet currently available for lease. Multiple tenancy options are available, ranging from a minimum of 609 square feet to a maximum contiguous space of 19,608 square feet, providing flexibility for businesses of all sizes. The building features convenient on-site parking, a significant advantage in a bustling downtown area. Situated in Bernalillo County, zip code 87102, this location provides easy access to major transportation routes and a wealth of amenities. The building's executive office subtype caters to businesses seeking a sophisticated and professional environment. This is an unparalleled opportunity to establish a presence in a vibrant and growing city, benefiting from the unique blend of historical charm and modern dynamism that Albuquerque offers. The available space is ideal for companies seeking a prestigious address and a highly functional workspace. Contact us today to learn more about leasing options and explore the possibilities of establishing your business in this exceptional downtown Albuquerque location.

• CAP approach

  CAP return

  Valuation

  6%

  $42,534,000

  6.5%

  $39,262,200

  7%

  $36,457,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,377,600

  Geo Method

  $21,456,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $74,156,400

  Retail / Commercial

  $38,642,100

  Mixed-Use / Specialty

  $38,989,000

  Hospitality / Lodging

  $29,236,000

  Institutional / Educational

  $40,706,100

  Residential Income

  $47,626,100

  Multifamily

  $54,433,300

  Automotive / Energy

  $34,890,900

  Parking / Income-Based Land

  $11,561,600

  Restaurant / Food Service

  $21,312,900

  Healthcare / Senior Housing

  $39,485,500

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.088

Longitude

-106.653

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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